India New Issue-ICICI Life Insurance to issue 10-year bonds, bankers say

Icici Prudential Life Insurance

26/11/2025 03:24

MUMBAI, Nov 26 (Reuters) - India's ICICI Prudential Life Insurance ICIR.NS plans to raise 12 billion rupees ($134.51 million), which includes a greenshoe option of 1 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Wednesday.

The insurer will pay an annual coupon of 7.69% and has invited coupon and commitment bids for the issue on Thursday, they said.

The bonds will have a call option at the end of five years.

The company did not reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on November 26:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
ICICI Prudential Life
10 years
7.69
11+1
November 27
AAA (Crisil, Icra)

*Size includes base plus greenshoe for some issues

($1 = 89.2100 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))